New policies encouraging the use of generic drugs are set to reduce the cost of health care in Abu Dhabi, which is likely to attract more investment to the pharmaceuticals manufacturing industry.
The Middle East
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Dubai is stepping up efforts to promote the development of its small and medium-sized enterprise (SME) community, creating a new incubator to further strengthen the sector.
Bahrain has benefitted from a series of reforms aimed at increasing foreign direct investment (FDI), recording a strong jump in inflows in 2017.
Economic update | Private investment expected to play a larger role in Kuwait’s power projects
29 Aug 2018
Kuwait has moved to increase private sector participation in the economy as part of broader diversification plans, calling for offers from companies to build and operate two utilities projects under a public-private partnership (PPP) model.
Construction demand in Dubai continues to be strong in the run-up to Expo 2020, supported by new tourism and hospitality projects, and public spending on infrastructure, although rising materials costs and funding constraints are exerting pressure on profit margins.
With liquidity levels strong and earnings solid, international ratings agencies and the Qatar Stock Exchange (QSE) have expressed confidence in the financial stability of the country’s banks, though external pressures remain.